"I'm excited and so pleased that 'The Stand' is going to have a new life on this exciting new platform," King said.
"The people involved are men and women who know exactly what they're doing; the scripts are dynamite. The result bids to be something memorable and thrilling. I believe it will take viewers away to a world they hope will never happen."
The apocalyptic series will take place in a world mostly wiped out by the plague and "embroiled in an elemental struggle between good and evil".
Josh Boone will direct the series.